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APCO Honored as One of The Top Public Companies in Georgia

8 June 1998

APCO Honored as One of The Top Public Companies in Georgia

    ATLANTA, June 8 -- Automobile Protection Corporation
today announced that the Atlanta Journal-Constitution,
Georgia's largest circulation newspaper, recently released its annual survey
of the State's best performing public companies.  The newspaper listed
Automobile Protection Corporation #13 out of the top 100 Companies in Georgia.
The publication based its rankings on four key categories: return on equity,
revenue increase over the previous year, change in profit margin and return on
investment.
    As reported by the Atlanta Journal-Constitution, the Company earned its
ranking by showing a 39.77% increase in year-over-year revenues, an 85.32%
increase in profit margin, an 18.63% return on equity and a 56.2% return on
investment.
    Larry Dorfman, President and CEO stated, "We are pleased to be ranked in
the top 100 Companies in Georgia for four consecutive years.  This selection
illustrates our continued focus on providing the best products and services in
our industry, while generating consistent growth for our shareholders."
    "Safe Harbor" Statement under the private Securities Litigation Reform Act
of 1995:  To the extent that this news release discusses financial
projections, information or expectations about our products or markets, or
otherwise makes statements about the future, our statements are forward
looking and are subject to a number of risks and uncertainties that could
cause actual results to differ materially from the statements made.  These
factors include, but are not limited to, the competitive nature of the
industry in which some competitors have significantly greater financial
resources and name recognition than the Company, the availability of insurance
coverage at competitive rates and of insurance funds to make claims payments,
the Company's dependence on independent sales representatives, dealers and a
major automobile manufacturer, the cyclical nature of the automobile industry,
and other risks detailed in the Company's Form 10-K that has been filed with
the Securities & Exchange Commission in connection with its 1997 year.
    APCO, established in 1984, is a leading marketer and administrator of
products and services to automobile and recreational vehicle dealers.  The
Company's core business is the marketing and administration of EasyCare(R)
Vehicle Service Contracts and the EasyCare(R) Certified Pre-Owned Vehicle
Merchandising Program.  The Company also administers warranty and service
contract products under private labels for financial institutions, an
insurance company and a manufacturer.